Coil Tubing Tech Inc (CTBG)

[tmonkey]

im still missing shares from the grifco div years ago---im amazed they are trading w missing shares out there-----they never cleared this up and still made the last split as there wasnt a problem-----im sure im not the only one out there---every complaint has been ignored over the years-------tmonkey

[PC]

I guess no one saw the news. They REALLY need to get off the pinks if they expect anything to happen in this stock.

[back2basics]

A sickening feeling. Could April 5 th be a delayed April Fool's joke? That is Good Friday. What are the chances of a gaggle of lawyers working on Good friday?

B2B

[TheMadBeaker]

Anybody go to the Coiled Tubing & Well Intervention Conference & Exhibition in The Woodlands, TX this past week? Apparently CTT had a booth there.

http://www.icota.com/ctwi.htm

http://www.spe.org/events/ctwi/2012/


I wonder what the next big oil & gas expo is? Probably something down at the George R Brown convention center.

[back2basics]

I don't know how CTBG plans to showcase this report, or even if they will.

I think it could be used for an awareness campaign through PRs and articles in trade publications. Oil & Gas Journal and Rigzone would get them a lot of the right kind of exposure.

The numbers will attract attention but they must be fleshed out with operation news. IMO

B2B

[back2basics]

I just read through the filing. No details about operations. Neverthe ess, fantastic growth.

B2B

[back2basics]

I think we are seeing what was driving all the buying for the last several days days.

I haven't gone through the filing yet. Any operational news?

B2B

[rex_rick]

iDrill
Hope it's real this time...CTBG= reason I bought GFCI in first place...only way to own it at that time...but like you have started trading it and will continue. Not a long term hold or investment for me anymore...Doing that stuff on the Big Boards now. GLTU. Cheers

[IDRILL4GASOIL]

Is it real or memorex?

[rex_rick]

Here is the link:

http://ih.advfn.com/p.php?pid=nmona&article=51847545&symbol=CTBG

Cheers

[stephan129]

YEAR END GROSS PROFIT EXPLODES 937% TO $2,995,705 FOR THE YEAR ENDING DECEMBER 31, 2011 COMPARED TO $319,556 FOR YEAR ENDING DECEMBER 31 2010

TOTAL REVENUES INCREASED TO $5,541,131 FOR YEAR ENDING DECEMBER 31, 2011 A 216% INCREASE FROM $1,751,576 FOR THE YEAR ENDING DECEMBER 31, 2010

TOTAL ASSETS INCREASED TO $7,041,936 FOR YEAR ENDING DECEMBER 31, 2011 COMPARED TO 2,386,216 FOR YEAR ENDING DECEMBER 31 2010 A 195% INCREASE.

THIS IS JUST PART OF THE TOTAL FINANCIALS JUST RELEASED AN HOUR AGO, SHOULD BE AN INTERESTING MONDAY. LOOKING FORWARD TO EACH QUARTER IN 2012

[back2basics]

No expert, but I do know a bit about drilling. Downhole tools don't know if they are onshore or offshore. CTBG only makes downhole tools.

B2B

[IDRILL4GASOIL]

Yes

[PC]

Does anyone know whether CTBG's tools can be used for drilling off shore?

[IDRILL4GASOIL]

Did you just see it go down? I sold before that. It is called "taking money off the table".

[PC]

So why did you sell?

[Trinityz1]

to answer your question.....not me

I don't doubt it one bit that the scenario you've painted could be correct

[back2basics]

Does anyone really think this is a $100,000,000 company?

I don't think us mushrooms have enough information to place a value on CTBG. Funny that on 3/21 you thought $50 million was cheap. Where would you have pegged it on the 21 st?


From 3/21.

I think my point is that this stock might be cheap. A $50 million market cap is nothing.

B2B

[IDRILL4GASOIL]

This is not true because many of those shares were bought from me. Someone(s) were buying.

[prisonfordial]

first "uncontrolled" trade - and it predictably trades back at $2 (see my message from 3/13)

This is the OTC Wild West.

1) Brokers route their trades to specific market makers of their own choice
2) There is no obligation for brokers to trade at the best price

hence "real shareholders" can have the best ask (or bid) - yet never get filled. The market is completely controlled.

Basically the person who bought the shares over the past days has most likely bought from himself. There has been no real value changing hands. Maybe a few 1000 shares were bought from outsiders.

Does anyone really think this is a $100,000,000 company?

[Trinityz1]

and now it's right back down to $2

[IDRILL4GASOIL]

We have seen this before but being much more wide because former GFCIs getting out at any price. I think most of those are gone or they are setting in an account without them knowing of the action. I think we will just have to see where it goes from here. The ride up to the $5s was someone(s) having interest and at enough volume not to be just a fool. Time will tell without some meaningful reporting we can only guess. Be interesting if the sales staff are ghost. Wonder if there phones work.

[TheMadBeaker]

You are right, the past 8 days have been noticeably higher volume.

I haven't been paying too much attention this past week to the daily volume. My mind was still thinking there were some days with zero trades, then others with 5k-10k...

The past 8 trading days (today included) have averaged just a hair over 5.5k per day (44,526 total)... That is considerable (as you said)...

The activity along with the price still makes zero sense to me.

B2B, if you want to PRIVATE message me your email address (I'm not a paid member so I can't send PMs), I would like to converse with you in private about some of my theories and info that aren't really appropriate for this message board.

[notanindex]

ell if #2 is corrct he wouldn't have brought it down so quickly. More likely he would have been more methodical.

I'm not sure if there ever was a real reason to own but if there was what I see happening right now is a concerted effort to stem the increase so by bring ing it back down to earth with this huge decrease on relatively smaller volume than we have seen it could be to manipulate people into selling.

[back2basics]

Here is how it's traded today.

948 @ $5.00

1000 @ $4.20

125 @ $2.30

2717 @ $ 2,00

When I see thigs that make no sense to me, my ifertile magination kicks. Today's trading looks nothing like a rational progession.

You say a we aren't looking at a HUGE sum of money. In the past 8 trading days almost 40K share were bought for about $180K. I think that's a lot of money for a pink with almost no information to make value judgements on.

If the PPS starts a climb,SOON, then I think we are looking a a wash sale. If it just lays here, or erodes, we may have been scammed again.

Right now I don't think it's looking good. The ask keeps dropping, with no takers.

B2B

[TheMadBeaker]

Holy cow! How could the value drop so quickly with so little trades?

It is somewhat questionable if someone is trying to manipulate the stock or not. I mean, on one hand the daily volume has almost tripled since about the beginning of February. On the other hand, the volume & prices associated aren't like any HUGE sum of money. So yeah, someone could be making some nice pocket change, but still at the risk of getting caught I don't think it would be worth it.

Maybe someone was wanting to sell their shares @ $5 but screwed up their sell order and it went in at the low bid ~$2?

[back2basics]

I was shocked when I saw CTBG @ $2!.. I can see no market reason for a stock that has shown CTBG's stability, to suddenly lose 61% of its' value. There are tons I don't know about trading, but I see two thigs that could be in play. One, not so bad. The other horrible.

1. It was brought down by wash trades to try and put some selling panic into long time holders. The PPS drops and the buying can start back up from a much lower base.

2. The really horrible one. A scamster with an in to some heavy hitters that aren't necessarily versed on the oil tool business, puts out the word to some select deep pockets, that CTBG is about to explode.

"Buy all of this puppy below $6, while you can!" I know for a fact that this sort of thing happened with GFCI. Bert and some of his close friends were victims of that phase of the scam.

In this case the scamster could have figured his pump had taken it about as far as it was likely to go, so he started dumping the shares he front loaded in the $1.50 - $2,00 range.

Any thoughts?

B2B

[back2basics]

I suspect we are looking at a very limited buyer pool here. I think the ones that are still buying are sweating out those that want to get out of CTBG. I also don't think there are a lot of sellers either.

Going with my theory that the buying is sparked by things insiders are whisteringto family & Friends (F&f). I suspect that what ever the info is that sparked the buying will be released soon. If one was truely inside, you wouldn't be encouraging your F&F to buy based on 12 th of Never type news.

All IMO.

B2B

[notanindex]

Well whoever the buyer has been it looks as if they are done for a bit.

[PC]

Ask at $7.90

[Trinityz1]

I'm waiting for $30 a share

until then and IF then

my RS'd shares can sit and rot

[stephan129]

YOU ARE HERE: Stocks » Quotes and Charts » Quote + PortfolioCoil Tubing Technology Inc. (CTBG)
5.1900 +0.0900 (+1.76%)
Stock Price Quote as of Tuesday, Mar 27th, 2012 12:59P EST (OTHER OTC)
High 5.3000 Low 5.1000
52Wk High 14.7000 52Wk Low 0.1250
Open 5.3000 Prev Close 5.1000
Volume 3,906 Avg Volume 3,690
EPS N/A Div & Yield N/A
P/E Ratio N/A Market Cap N/A
Weighted Alpha -44.60 Standard Dev 0.00
View Detailed Quote



Chart SnapshotCustomize Chart
Interactive Chart
Barchart OpinionView Opinion

Strong Buy

Buy

Hold

Sell

Strong Sell
Support & ResistanceGet Cheat Sheet

2nd Resistance Point 6.2200
1st Resistance Point 5.6600
Last Price 5.1900
1st Support Level 4.8200
2nd Support Level 4.5400




B

[IDRILL4GASOIL]

Yes the resolve for some has gone south.

[back2basics]

Looks to me like some long time CTBG folks are getting ansy in this $5 + range and are selling to the new crowd. Power to them.

I'm going to try and hold on to see what kind of information has given birth to all the buying.

B2B

[IDRILL4GASOIL]

You should focus less on market cap and more on trading it. Pretty easy money.

[prisonfordial]

market cap $74,717,856

maybe it is a Getco algo that has gone haywire and it thinks it is buying CTB?

[Trinityz1]

well you're welcome to buy my shares at $50 per share
so I can recover my losses

[prisonfordial]

I think my point is that this stock might be cheap. A $50 million market cap is nothing. Haliburton (or the likes) must be getting interested in buying the company. They have a brand new online catalog and loads of sales reps. They even have an international sales rep in Canada.

Good times ahead.

Now that the company does not want to become a reporting entity - they are saving loads on accountants. That goes straight to the bottom line as EPS.

[Trinityz1]

lol! not fooling you either?

[notanindex]

and your point is?

[prisonfordial]

market cap $ 57,137,184

Taken from the last SEC filing:
Common Stock, $.001 par value, 200,000,000 shares authorized; 13,665,042 and 985,518 shares issued and outstanding.

Then there are the 7 million preferred shares...

[prisonfordial]

Market cap $ 51,250,000 (last trade $3.75)

Nice - a trade on the current ask ($3.90) would increase the market cap by $ 2 million. What a joke.

Guys - there are 13,666,666 shares outstanding (4.1 billion pre split)... ohh and Bert can issue another 200 million at will.

[IDRILL4GASOIL]

I watched it all day and someone(s)were is a hurry to get in. If true it is friends and family then a price north of here was give as the target.

[back2basics]

I think that, in a way, Bert and/or others, are suporting the pice.

It's human nature to tip your friends and family when you know something that will makethem money. I learned this the hard way in 2005.

I think there is an excelent chance that those on the inside are passing what they think thet know about CTBG to their personal circle. The PPS could be painted up with small purchases.

[IDRILL4GASOIL]

This is not Bert supporting the price.

[PC]

if you go onto bloomberg.com and put ctbg in search , it shows you the bid and the ask which is bid $2.60 and $3.00 ask

[prisonfordial]

And the bid is $2.30 on no volume...

[IDRILL4GASOIL]

This could be Bert buying up those from those that have noticed they have shares and are just cleaning house in their accounts. But he really has all the shares he needs and they would not want to buy up the float as to keep a market and future price appreciation. He could buy the company out is he really wanted. I do not think that is his intent.

[Trinityz1]

LOL! you'd think they'd have more sense
but heck there was talk of getting on the Amex even way back
at that fubar shareholders meeting

[PC]

please any where but the AMEX "short sellers heaven"